Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Texas Moves to Liquidate Non-Standard Auto Insurer, Access
Mar 19 2018 // Texas insurance regulators placed into receivership and started the process of liquidating a Texas-domiciled/Atlanta, Georgia-headquartered property/casualty insurance company that the insurance department says is...
Credit Insurers Stopped Backing Toys ‘R’ Us a Year Ago
Mar 19 2018 // When Toys ‘R’ Us secured a $3.1 billion bankruptcy loan in September, toy makers were reassured they would be paid for goods delivered to the company as it tried to emerge from Chapter 11. Now those payments...
Buyers Aren’t Happy With Their Cyber Insurance: J.D. Power
Mar 19 2018 // On any given day, it is hard not to read an article or report on some type of cyber topic. Cyber insurance is one of the key concerns within the insurance industry today and possibly one of the most misunderstood. In late...
Agent-Inspired Insurtechs ‘Self-Disrupt’ Small Commercial Lines
Mar 19 2018 // Insurance industry technology is experiencing a revolution. While insurance carriers and venture capital firms have been behind much of today’s insurtech innovation, insurance agents and brokers have also jumped into...
N.J. Doctor Charged with Stealing More Than $500K from Insurance Companies in Fraud Scheme
Mar 19 2018 // A Passaic County, N.J., pain management doctor has been charged with first-degree conspiracy and money laundering for allegedly submitting more than $4.4 million in fraudulent bills for service to insurance companies that...
New Jersey’s Selective Insurance Company Makes Several Officer Appointments
Mar 16 2018 // Selective Insurance Company of America, a Branchville, N.J.-headquartered subsidiary of Selective Insurance Group Inc., has announced several officer appointments. Charles Musilli has been appointed to executive vice...
Luxembourg Aims to Attract More Insurers Seeking Post-Brexit Headquarters
Mar 16 2018 // Luxembourg is seeking to persuade at least two additional global insurers to make their post-Brexit home there after attracting American International Group Inc. and Sompo International Holdings Ltd., the head of its...
Study Links Severe Winter Weather in Northeastern U.S. to Arctic Temps
Mar 15 2018 // The frequency of extreme winter weather in the U.S. is sensitive to Arctic temperatures, and that’s something those paying weather-related losses may want to take note of. After all, you can’t spell polar...
Starr Companies Named Commercial Insurance Company of the New York Yankees
Mar 15 2018 // Starr Companies, a global insurance and investment organization, has entered into a multi-year sponsorship agreement with the New York Yankees of Major League Baseball. This sponsorship names Starr Companies as the...
Argo Group Acquires Italian Specialty Insurer Ariscom
Mar 14 2018 // Argo Group International Holdings is the proud new owner of Italian specialty insurer Ariscom, giving it an efficient way to expand through Europe. Neither side disclosed financial details. Argo Group CEO Mark E. Watson...
Uber, Lyft and New York Loss Transfer
Mar 13 2018 // Ridesharing has officially arrived in New York, and confusion over New York no-fault insurance and PIP Loss Transfer has arrived with it. On June 29, 2017, the New York State Assembly approved and Governor Andrew Cuomo...
What Cyber Insurance Industry Learned from 2017 Hacks
Mar 13 2018 // The NotPetya, WannaCry and Equifax hacks of last year were evidence that the U.S. insurance industry has been ill-prepared to handle a large cyber attack and needs to up its game. However, as a consequence of the attacks...
Insurer for Oregon City to Pay $800K to Family of Man Killed By Police
Mar 12 2018 // The insurance company for the central Oregon city of Bend will pay $800,000 in a settlement agreement with the family of a man shot and killed by a Bend police officer. The Bulletin reports that the city in the agreement...
How Insurer and Benefit Manager Mergers Squeeze Out Smaller Pharmacies
Mar 12 2018 // Over 20 years, Brian Komoto built a thriving pharmacy in California’s Central Valley. Each day, his nurses would travel the vast agricultural region’s roads to help hepatitis C patients take a grueling regimen...
Montana Judge Rules Against in Insurer in $43M Asbestos Settlement
Mar 9 2018 // A Montana judge says a Nebraska-based insurance company is liable for a $43 million settlement between the state and people sickened by exposure to asbestos from a Libby vermiculite mine. National Indemnity Co. paid $16...
Cigna’s Proposed Acquisition of Express Scripts Faces Antitrust Review
Mar 9 2018 // Cigna Corp.’s proposed deal for Express Scripts Holding Co. faces a drawn-out merger review as the Trump administration’s antitrust enforcers weigh the competitive effects of a wave of consolidation sweeping...
Lara, Poizner and Others Vying to be California Insurance Commissioner
Mar 8 2018 // The race is on for the California insurance commissioner posts as we are nearly three months from the primary, but you wouldn’t know it by speaking to people in the insurance industry. Most insurance groups and...
Cigna to Buy Pharmacy Benefits Manager Express Scripts for $52 Billion
Mar 8 2018 // U.S. health insurer Cigna Corp. struck a $52-billion deal to buy pharmacy benefits manager (PBM) Express Scripts Holding Co on Thursday, looking for new ways to hold onto their profits as the industry faces greater...
California Commissioner Orders Insurer to Halt Operations over Insolvency Risk
Mar 7 2018 // California Insurance Commissioner Dave Jones has issued a cease and desist order against Access Insurance Co., which requires it to immediately stop transacting, soliciting, negotiating, or administering and writing any...
Insurers May Be on Hook for Dole Buyout Lawsuit Settlements
Mar 7 2018 // A Delaware judge says insurers may be on the hook for $190 million to settle two lawsuits stemming from a 2013 buyout in which Dole Food chairman and CEO David Murdock took the company private. In a ruling late last week,...
